Thrivent Financial For Lutherans Has $1.37 Million Position in Marriot Vacations Worldwide Corporation (VAC)

Thrivent Financial For Lutherans raised its position in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 5.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 13,750 shares of the company’s stock after buying an additional 670 shares during the period. Thrivent Financial For Lutherans owned about 0.05% of Marriot Vacations Worldwide Corporation worth $1,374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new position in Marriot Vacations Worldwide Corporation during the fourth quarter valued at $2,844,000. State Street Corp boosted its position in Marriot Vacations Worldwide Corporation by 4.6% in the fourth quarter. State Street Corp now owns 536,735 shares of the company’s stock valued at $45,545,000 after buying an additional 23,674 shares in the last quarter. Baird Financial Group Inc. purchased a new position in Marriot Vacations Worldwide Corporation during the fourth quarter valued at $222,000. Dynamic Technology Lab Private Ltd purchased a new position in Marriot Vacations Worldwide Corporation during the fourth quarter valued at $200,000. Finally, Guggenheim Capital LLC boosted its position in Marriot Vacations Worldwide Corporation by 94.2% in the fourth quarter. Guggenheim Capital LLC now owns 6,029 shares of the company’s stock valued at $511,000 after buying an additional 2,925 shares in the last quarter. 79.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Marriot Vacations Worldwide Corporation (VAC) traded up 0.16% during midday trading on Friday, reaching $116.26. The company had a trading volume of 217,581 shares. The firm has a market capitalization of $3.16 billion, a P/E ratio of 22.17 and a beta of 1.15. The company has a 50 day moving average price of $118.32 and a 200-day moving average price of $103.83. Marriot Vacations Worldwide Corporation has a one year low of $59.33 and a one year high of $128.25.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its earnings results on Thursday, May 4th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.04. Marriot Vacations Worldwide Corporation had a net margin of 7.76% and a return on equity of 16.04%. The business had revenue of $487.50 million for the quarter, compared to analysts’ expectations of $475.07 million. During the same quarter in the previous year, the firm posted $0.87 EPS. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. On average, analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.29 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Thrivent Financial For Lutherans Has $1.37 Million Position in Marriot Vacations Worldwide Corporation (VAC)” was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://www.chaffeybreeze.com/2017/07/28/thrivent-financial-for-lutherans-has-1-37-million-stake-in-marriot-vacations-worldwide-corporation-vac-updated-updated-updated.html.

Several research analysts have recently weighed in on VAC shares. Janney Montgomery Scott started coverage on Marriot Vacations Worldwide Corporation in a research report on Thursday, April 20th. They set a “buy” rating and a $119.00 price objective for the company. Zacks Investment Research upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Wednesday, April 26th. Telsey Advisory Group dropped their target price on Marriot Vacations Worldwide Corporation from $113.00 to $96.00 and set a “market perform” rating on the stock in a report on Friday, May 5th. Deutsche Bank AG upped their target price on Marriot Vacations Worldwide Corporation from $80.00 to $92.00 and gave the stock a “hold” rating in a report on Monday, May 8th. Finally, Stifel Nicolaus upped their price objective on Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $113.25.

In other news, Director Thomas J. Hutchison III sold 3,599 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $118.15, for a total transaction of $425,221.85. Following the completion of the transaction, the director now directly owns 1,281 shares in the company, valued at approximately $151,350.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lizabeth Kane-Hanan sold 5,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $119.00, for a total transaction of $595,000.00. Following the transaction, the vice president now owns 27,832 shares of the company’s stock, valued at $3,312,008. The disclosure for this sale can be found here. Insiders have sold a total of 42,861 shares of company stock worth $5,110,417 in the last three months. Insiders own 3.30% of the company’s stock.

Marriot Vacations Worldwide Corporation Company Profile

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.

Institutional Ownership by Quarter for Marriot Vacations Worldwide Corporation (NYSE:VAC)

Receive News & Ratings for Marriot Vacations Worldwide Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriot Vacations Worldwide Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply